Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Trading Day: A chip on our shoulder: Volatile semis drag US stocks lower, crude jumps
NEW YORK, July 7 : Wall Street stocks followed their European counterparts lower amid a chip-driven tech selloff on Tuesday as a flare-up of Middle East tensions sent crude prices higher.I will go into more detail on today’s market moves below. If you have more time to read, here are a few articles I recommen
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Amazon aims to raise $25 billion from bond sale, source says
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, a source familiar with the matter told Reuters on Tuesday, in the company’s latest push to fund its hefty AI investments. Tech companies have been tapping debt markets and launching equity sales to fund their costly
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Perplexity says it plans to use Nvidia’s new CPU
SAN FRANCISCO, July 7 : AI startup Perplexity on Tuesday confirmed it plans to use Nvidia’s new central processing units, as the chip giant works to broaden its market and take on entrenched players such as Intel and Advanced Micro Devices.Nvidia has said it expects to generate $20 billion in sales from its “
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Manzambi to miss Swiss World Cup clash with Colombia
VANCOUVER, July 7 : Switzerland coach Murat Yakin has been forced to shuffle his pack for his side’s World Cup last-16 game against Colombia on Tuesday after attacker Johan Manzambi was ruled out due to injury, while Colombia make one change to the side that started against Ghana. • Manzambi suffered a kne
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Ukrainian Foreign Ministry says IOC Russia decision ‘troubling’, wants restrictions upheld
July 7 : Ukraine’s Foreign Ministry denounced as “troubling” on Tuesday the International Olympic Committee’s decision to lift the Russian Olympic Committee’s suspension and urged both countries and international sports bodies to maintain restrictions on Russian participation and use of state symbols.”The IOC
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Sheeran keeps up England tradition with World Cup camp visit
KANSAS CITY, Missouri, July 7 : England swapped the training pitch for a musical interlude last week when British singer-songwriter Ed Sheeran visited their World Cup base in Kansas City.The England team posted video on their app on Tuesday showing the 35-year-old performing his hit “Castle on the Hill” for p
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Oil jumps after settlement as US revokes general license for Iran oil sales
NEW YORK, July 7 : Oil prices settled 3 per cent higher on Tuesday and then extended gains post-settlement, after the U.S. revoked the general license that authorized the sale of Iranian crude oil. Reports of attacks on vessels near the Strait of Hormuz also revived fears of disruptions to tanker shipping.Bre
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Dollar edges higher after data as yen holds near 40-year low
NEW YORK, July 7 : The dollar rose modestly on Tuesday following consecutive sessions of slight declines while the yen held near a four-decade low, as investors continued to watch for signs of possible intervention by Japanese authorities to support the currency.The greenback showed a muted reaction to report
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IOC axes Nordic combined for 2030 Games, retains snowboard parallel giant slalom
July 7 : The International Olympic Committee on Tuesday dropped Nordic combined from the 2030 French Alps Winter Games, ending the Olympic run of a discipline that had featured in every edition since the inaugural winter cycle in 1924.It retained snowboard’s parallel giant slalom following significant improve
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